51,619 American International Group, Inc. $AIG Shares Sold by Hosking Partners LLP

Hosking Partners LLP decreased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 6.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 774,523 shares of the insurance provider’s stock after selling 51,619 shares during the quarter. American International Group makes up approximately 2.0% of Hosking Partners LLP’s holdings, making the stock its 12th biggest holding. Hosking Partners LLP’s holdings in American International Group were worth $57,640,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of AIG. L2 Asset Management LLC lifted its holdings in American International Group by 4.8% in the second quarter. L2 Asset Management LLC now owns 3,046 shares of the insurance provider’s stock worth $227,000 after acquiring an additional 139 shares during the last quarter. Kestra Private Wealth Services LLC boosted its stake in American International Group by 1.3% in the first quarter. Kestra Private Wealth Services LLC now owns 11,048 shares of the insurance provider’s stock valued at $831,000 after acquiring an additional 146 shares during the period. CENTRAL TRUST Co grew its holdings in shares of American International Group by 48.7% during the first quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 151 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of American International Group by 7.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,333 shares of the insurance provider’s stock worth $174,000 after purchasing an additional 158 shares during the period. Finally, Mayfair Advisory Group LLC boosted its position in American International Group by 6.3% during the 1st quarter. Mayfair Advisory Group LLC now owns 2,925 shares of the insurance provider’s stock valued at $220,000 after purchasing an additional 174 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on AIG. Cantor Fitzgerald lowered their price objective on American International Group from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Monday, August 17th. Keefe, Bruyette & Woods cut their price objective on shares of American International Group from $96.00 to $90.00 and set an “outperform” rating on the stock in a research note on Monday, October 12th. Weiss Ratings restated a “buy (b-)” rating on shares of American International Group in a research report on Tuesday, September 29th. UBS Group lifted their price target on American International Group from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, October 6th. Finally, Wells Fargo & Company decreased their target price on American International Group from $85.00 to $83.00 and set an “equal weight” rating for the company in a research report on Monday, October 12th. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $87.68.

American International Group Stock Performance

Shares of AIG stock opened at $81.76 on Thursday. American International Group, Inc. has a fifty-two week low of $71.25 and a fifty-two week high of $87.29. The stock’s 50-day moving average is $76.35 and its two-hundred day moving average is $76.75. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a market cap of $42.75 billion, a P/E ratio of 9.90, a PEG ratio of 0.86 and a beta of 0.52.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Friday, August 7th. The insurance provider reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.08. The business had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.25 billion. American International Group had a return on equity of 11.05% and a net margin of 11.13%. During the same period in the previous year, the company earned $1.81 EPS. Analysts predict that American International Group, Inc. will post 8.07 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Wednesday, September 16th. American International Group’s dividend payout ratio is 36.56%.

Insider Activity

In other news, insider Peter Zaffino sold 36,829 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $76.14, for a total transaction of $2,804,160.06. Following the transaction, the insider owned 556,004 shares of the company’s stock, valued at approximately $42,334,144.56. This represents a 6.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.60% of the company’s stock.

American International Group Profile

American International Group, Inc (NYSE:AIG) is a global insurance organization that provides property and casualty insurance products and related services to businesses, institutions, and individuals. Its offerings include commercial insurance, personal insurance, specialty coverage, accident and health products, and travel-related protection.

AIG serves customers through operations in the United States and international markets. Its commercial insurance business supports companies across industries with coverage such as property, casualty, liability, marine, and other specialty risks, while its personal insurance operations provide protection for individuals and families.

The company was founded in Shanghai in 1919 by Cornelius Vander Starr and is headquartered in New York City.